News
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UK's Harbour Energy expects to cut 100 offshore jobs as part of organisational review
Job cuts to follow consultation period ending in Q1 2026Harbour Energy has already cut 600 jobs since 2023UK's EPL to expire in 2030, industry had hoped for earlier endBy Stephanie Kelly LONDON, Dec 1 (Reuters) - Harbour Energy HBR.L, a North Sea-focused producer, said on Monday it expected t...Reuters
Mon, Dec 1
Harbour Energy expects to cut 100 offshore jobs as part of organisational review
LONDON, Dec 1 (Reuters) - Harbour Energy HBR.L, a North Sea-focused producer, said on Monday it expected to cut 100 offshore jobs as part of an organisational review of its UK business.Lower commodity prices and an uncompetitive tax regime have pressured the UK oil and gas sector, leading to Harbour...Reuters
Mon, Dec 1
Gunvor CEO Torbjorn Tornqvist to step down in management buyout
LONDON, Dec 1 (Reuters) - Torbjorn Tornqvist, co-founder and CEO of Gunvor [RIC:RIC:GGL.UL], one of the world's top commodity trading houses by profitability, will step down from his role, the company said on Monday.The firm said Americas head Gary Pedersen will assume the top role as part of a ...Reuters
Mon, Dec 1
Copper hits record high amid volatile trading – ING
Copper surged to a record high on Friday amid a volatile trading session after an hours-long halt on the Chicago Mercantile Exchange disrupted markets. The renewed bullish momentum in Copper follows an upbeat CESCO Week event in Shanghai, which reinforced expectations of tighter supply.Fxstreet
Mon, Dec 1
Oil: Brent rises as attacks hit Russian energy assets – ING
Oil prices are trading firmer this morning, with Brent up more than 1.1% at the time of writing, following additional attacks on Russian energy infrastructure over the weekend, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Mon, Dec 1
Kremlin says Ukrainian strike on CPC terminal was outrageous given its international importance
MOSCOW, Dec 1 (Reuters) - The Kremlin said on Monday that a Ukrainian weekend attack on Caspian Pipeline Consortium (CPC) infrastructure was outrageous given its international significance and international participation. The CPC project, which includes Russian, Kazakh and U.S. shareholders, said ...Reuters
Mon, Dec 1
PRECIOUS-Gold hits six-week high on rate cut optimism; silver hits record high
Silver hits all-time high of $57.86 per ounceUS dollar at two-week lowNew Fed chair likely to be announced before ChristmasBy Pablo Sinha Dec 1 (Reuters) - Gold prices climbed on Monday to their highest level in six weeks, driven by investor expectations of a possible U.S. interest rate cut late...Reuters
Mon, Dec 1
TABLE-North Sea gas maintenance schedule: Revises BBL outage
Dec 1 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Mon, Dec 1
China export controls push European firms to move supply chains
European firms look to move supply chains due to export controls40% of respondents say China is processing export licenses slowlySurvey casts doubt on optimism over Trump-Xi summit in Korea, analyst saysBy Joe Cash and Eduardo Baptista BEIJING, Dec 1 (Reuters) - China's tightening export cont...Reuters
Mon, Dec 1
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $59.51 per barrel, up from Friday’s close at $59.44.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $63.24.
Fxstreet
Mon, Dec 1
PRECIOUS-Gold climbs to six-week high driven by risk-off sentiment
Silver hits all-time high of $57.86 per ounceUS dollar at two-week lowUS rate futures price in 87% chance of Dec rate cut- CME FedWatchBy Ishaan Arora Dec 1 (Reuters) - Gold prices steadied after hitting a six-week high on Monday as risk-off sentiment set the tone, with investors focused on a pot...Reuters
Mon, Dec 1
ROI-Europe’s drilling comeback challenges US energy pledges: Bousso
By Ron Bousso LONDON, Dec 1 (Reuters) - European countries are loosening their strict opposition to new oil and gas drilling, reversing years of climate-driven resistance to fossil fuels as governments seek to reduce a heavy reliance on costly energy imports, including from the U.S.The change in ...Reuters
Mon, Dec 1
Asia Crude Oil Tenders Summary-IOC buys 3 million barrels West African crude
For tenders on oil products please click:Naphtha......NAP/TENDA Gasoline...MOG/TENDAJet/Diesel...MDIS/TENDA Fuel Oil...FUEL/TENDAOUTSTANDING ASIA/MIDEAST CRUDE OIL TENDERS: (b = buys / s = sells)tender award, tender issue, *further updatesCOUNTRY/COMGRADEVOLUMECLOSE (VALID)LOADING DATE...Reuters
Mon, Dec 1
Total Energies Reports Process Upset Resulting In Emissions At Port Arthur, Texas, Refinery
Dec 1 (Reuters) - TOTALENERGIES PETROCHEMICALS & REFINING USA LA PORTE: REPORTS EMISSIONS FROM SOUTH FLARE ES-805 AT PORT ARTHUR, TEXAS, REFINERYREPORTS FLARING ABOVE THE PERMIT LIMIT OCCURRED DUE TO A PROCESS UPSET IMPACTING MULTIPLE PIECES OF EQUIPMENT IN TRAIN 9 AT PORT ARTHUR, TEXAS, REFINER...Reuters
Mon, Dec 1
ROI-China built Indonesia's nickel boom but could yet bust it: Andy Home
By Andy Home LONDON, Dec 1 (Reuters) - China financed and built Indonesia's nickel industry, transforming the country into the world's largest producer in the space of a decade. But now China is not so sure it needs all that nickel. Chinese electric vehicle manufacturers are pivoting away...Reuters
Mon, Dec 1
TECHNICALS-CBOT soybeans may test support at $11.26-3/4
For more technical analyses, please click SINGAPORE, Dec 1 (Reuters) - The CBOT soybean January contract SF26 may test support at $11.26-3/4 per bushel, a break below which could open the way toward $11.21-1/2 to $11.26-3/4 range.The contract failed to break resistance at $11.41-1/2, which is near t...Reuters
Mon, Dec 1
